Sat, Aug 13, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Wealthspring Capital launches the SPAC hedge fund

Friday, April 16, 2021

Laxman Pai, Opalesque Asia:

New York-headquartered financial advisor service provider Wealthspring Capital continues to strengthen its foothold in the special purpose acquisition companies (SPACs) space with the launch of its second SPAC product and debut hedge fund offering, Fountain Opportunities, LP.

According to a press release from the investment advisory firm with a flagship cash management product, US Treasuries + Alpha with SPACs, Fountain Opportunities is designed for sophisticated investors who are interested in accessing the entire SPAC lifecycle and capitalizing on the product's inherent upside potential. The fund is currently taking subscriptions and will officially begin trading on May 3, 2021.

The offering comes as SPAC issuance continues to shatter records, with total funds raised via SPACs in the first quarter of 2021 exceeding total issuance throughout all of 2020 and investor interest remaining high, said the firm co-founded by investment industry veterans Matthew Simpson and David Gallers.

"This is Wealthspring's second SPAC-focused investment product offering. Its US Treasuries + Alph with SPACs product is a separately managed account (SMA) cash management strategy that offers investors access to SPACs while providing the recognized safety and security of US Treasuries," the press note said.

According to the release, the strategy has driven noteworthy success for Wealthspring, which has amassed over $650 million in assets under managem......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du